TiVo reported slightly smaller loss than expected by Wall St. in ...
TiVo reported slightly smaller loss than expected by Wall St. in its first quarter ended April 30 and said it received patent covering “many of the key inventions” for its personal video recording (PVR) equipment and software. TiVo said…
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its quarterly net loss more than doubled to $50.2 million from $23.4 million in year-ago period. It said revenue grew to $3.2 million from $499,000 year earlier as it added 35,000 new subscribers to its PVR service to reach 189,000. It said it now had more than 200,000 customers. Separately, TiVo said U.S. Patent & Trademark Office awarded company patent for such core PVR features as time- shifting programs, processing and synchronizing various multimedia streams in TV signal and storage format that supports pausing, fast-forwarding, rewinding, instant replays and slow motion. TiVo Chief Technology Officer James Barton said company, seeking fresh licensing revenue, would aggressively enforce its patent.